🔍 Read the full analysis: A Look At Nvidia’s Steep Two-Day Decline on ThorstenMeyerAI.com
Prime made for students and young adults
- Fast, free delivery for dorm and study essentials
- Prime Video and Amazon Music included
- Member-only deals
TL;DR
Nvidia shares fell 4.27% on Nov. 9 and 5.47% on Nov. 10, closing at $168.89. Based on those closing prices and Nvidia’s reported share count, the source estimates a roughly $428 billion decline in market value over the two sessions; the stock was 29.4% below its Oct. 6 record close.
Nvidia shares fell 4.27% on Monday, Nov. 9, and 5.47% on Tuesday, Nov. 10, closing at $168.89. A calculation using the closing prices and the company’s reported share count puts the two-session loss in Nvidia’s market value at about $428 billion; the shares were 29.4% below their Oct. 6 record close.
The two-day decline followed a partial rebound on Nov. 6. Nvidia closed that Friday at $186.64, then fell to $178.67 on Monday and $168.89 on Tuesday. The source’s estimate multiplies the $17.75 decrease per share between Friday and Tuesday by 24.1 billion shares outstanding, a figure Nvidia reported as of Aug. 21. The resulting market-value loss is an estimate, not a cash outflow from the company.
The decline forms part of a longer retreat from Nvidia’s $239.24 record close on Oct. 6. The Nov. 10 close was 29.4% below that level; compared with the Oct. 6 intraday high of $243.37, it was 30.6% lower. Using the same share-count method, the source estimates a roughly $1.7 trillion reduction in market value from the record close. These percentages and dollar estimates are the source’s calculations from Nasdaq closing prices and Nvidia’s reported share count.
The slide has coincided with pressure on technology stocks and several Nvidia-related developments. Reporting cited concerns about the pace of AI data-center investment, an October inflation reading that exceeded economists’ expectations, a board investigation announced Nov. 8, a proposed shareholder class action filed Nov. 9, and scrutiny of a customer over export controls. Available reporting does not establish how much any one factor contributed to the share-price decline.
A steep two-day decline and a longer retreat
Nvidia shares fell on Nov. 9 and 10, extending a decline from their October record close. The market-value figures are estimates, not company losses or cash outflows.
The two-session slide
The shares fell after closing at $186.64 on Nov. 6.
What the estimate means
The calculation applies the reported share count to the change in closing price.
The decrease from the Nov. 6 close to the Nov. 10 close.
Nvidia’s reported share count as of Aug. 21.
The result is not cash leaving the company or a company-reported loss.
Reported pressures
Coverage cited several concerns but did not quantify each one’s effect.
- Concerns about AI data-center investment
- October inflation exceeded economists’ expectations
- Interest-rate expectations
- Board investigation announced Nov. 8
- Proposed shareholder class action filed Nov. 9
- Customer scrutiny over export controls
Why the move reaches beyond Nvidia
As of Nov. 9, Nvidia represented 6.64% of SPY and 7.10% of QQQ. A large share-price move can affect funds and indexes that hold it.
| Fund | Nvidia share |
|---|---|
| SPDR S&P 500 ETF (SPY) | 6.64% |
| Invesco QQQ Trust (QQQ) | 7.10% |
What readers can watch
Nvidia’s scheduled Nov. 17 report may provide newer information on sales and demand.
How Nvidia’s Fall Reaches Indexes
Nvidia’s size gives its share-price moves broader market consequences. As of Nov. 9, it represented 6.64% of the SPDR S&P 500 ETF (SPY) and 7.10% of the Invesco QQQ Trust (QQQ), according to the source. A substantial move in a heavily weighted company can affect the performance of funds and indexes that hold it, even when investors own those funds rather than Nvidia shares directly.
The company also sits at the center of investor expectations for AI computing demand. Its chips are widely used in AI data centers, so concern about whether planned construction and spending will continue at the expected pace can affect views of Nvidia as well as other technology companies. That connection is a market interpretation of the reported concerns, not proof that data-center demand has slowed or that any specific development caused the drop.
For businesses and users, the market decline alone does not establish a change in chip supply, prices, product availability or AI services. It is a signal about investor expectations, not a direct measure of Nvidia’s operating results. The company’s upcoming earnings report may provide newer information on sales and demand, but the price move does not by itself settle those questions.
Popular right now
Ninja Crispi Microwave and Air Fryer with FusionCrisp, Silver, MW101
Shark ZU102 Rotator Pet Upright Vacuum with PowerFins HairPro & Odor Neutralizer Technology, Charcoal
Dyson Ball Animal 3 Upright Vacuum
As an affiliate, we earn on qualifying purchases.
From October Record to November
Nvidia reached a record closing price of $239.24 on Oct. 6. The source says Yahoo Finance reported that day that the stock settled just below an intraday record, when Nvidia’s market value briefly reached $5.84 trillion. Shares subsequently fell, including a 4.22% decline on Oct. 30. They closed at $200.13 on Nov. 4 before the sharpest part of the reported recent slide.
On Nov. 5, Nvidia fell 9.26% to $181.60, a one-session decrease of $18.53 per share. It rose 2.78% the next day, then lost ground in the Nov. 9 and Nov. 10 sessions. The source describes the Nov. 5 decline as part of broader technology-sector selling after the U.S. midterm elections. AFP reported concerns about a slower AI data-center buildout; that account describes a reported market concern, not confirmation that construction plans have changed.
Other market pressures appeared on Nov. 10. AFP reported that U.S. inflation had slowed less than expected in October and that the data raised expectations of Federal Reserve rate increases. CNBC reported that the consumer price index rose 0.4% in October, compared with economists’ expectation of 0.3%. Higher borrowing costs can weigh on companies and investment plans, but sources did not quantify their effect on Nvidia’s shares.
““fears of a slower AI data centre buildout sparked heavy selling across the tech sector last week.””
— AFP, describing market concerns reported after the U.S. midterm elections
What Drove the Sell-Off
The reporting identifies several possible influences but does not assign a precise share of the losses to any of them. Market-wide concerns about AI investment and interest rates coincided with Nvidia-specific news, including the board investigation, a proposed shareholder lawsuit and scrutiny of a customer over export controls. The available material does not show whether those company-specific matters changed Nvidia’s business outlook.
The board investigation’s conclusions, the status and merits of the proposed lawsuit, and the details or consequences of the customer’s export-control scrutiny remain unclear from the supplied reporting. Nor does the stock-price decline establish that AI data-center construction is slowing. The roughly $428 billion and $1.7 trillion figures are calculations based on reported closing prices and a share count, not company-reported losses or measures of cash removed from Nvidia.
Nvidia Earnings on Nov. 17
Nvidia is scheduled to report its third-quarter results on Nov. 17. Investors will be watching for the company’s reported financial performance and management’s comments on demand, including sales tied to AI data centers. The source material does not provide results or guidance ahead of that release.
Further updates may also clarify the board investigation, shareholder action and export-control scrutiny involving a customer. Until additional information is released, the causes of the two-day decline cannot be separated precisely. The figures here reflect the market close on Nov. 10, 2026; later trading may change the share price and market-value estimates.
Key Questions
How much did Nvidia shares fall over the two sessions?
Nvidia fell 4.27% on Nov. 9 and 5.47% on Nov. 10. Its closing price moved from $186.64 on Nov. 6 to $168.89 on Nov. 10, a decrease of $17.75 per share.
How was the estimated $428 billion market-value loss calculated?
The source multiplied the $17.75 per-share decline from the Nov. 6 close to the Nov. 10 close by Nvidia’s reported 24.1 billion shares outstanding as of Aug. 21. It is an estimate based on those inputs, not a reported company loss or cash outflow.
What factors were reported as weighing on Nvidia?
Coverage cited broader concerns about AI data-center spending and interest rates, along with Nvidia-specific developments: a board investigation, a proposed shareholder class action and scrutiny of a customer over export controls. Reporting does not quantify the effect of each factor.
When is Nvidia’s next earnings report?
Nvidia is scheduled to report its third-quarter results on Nov. 17, 2026. The supplied source material does not include the results or any new company guidance.
Source: ThorstenMeyerAI.com
